Answer / saikiran

GAAP is exceedingly useful because it attempts to standardize and regulate accounting definitions, assumptions, and methods. Because of generally accepted accounting principles we are able to assume that there is consistency from year to year in the methods used to prepare a company's financial statements. And although variations may exist, we can make reasonably confident conclusions when comparing one company to another, or comparing one company's financial statistics to the statistics for its industry.

Answer / saikiran

Principles of accounting can also refer to the basic or fundamental accounting principles: cost principles, matching principles, full disclosure principles, materiality principles, going concern principles, economic entity principles, and so on. In this context, principles of accounting refers to the broad underlying concepts which guide accountants when preparing financial statements.

Has anybody who got shortlisted for Syndicate Interview got the mail from syndicate bank specifying the interview date?

2 Answers   Syndicate Bank,

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what are the golden rule of accounting.

17 Answers   Patni,

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I AM WORKING IN THE CORPORATE (HEAD OFFICE)OF A FINANCE COMPANY. I CO-ORDINATE FOURTEEN BRANCHES IN DELHI. AND MY JOB PROFILES ARE BANK RECONCILIATION,CASH RECONCILIATION, MIS,TRAINING TO THE JR.EXECUTIVES,BRANCH VISIT,SUPPORTING TO BRANCH,ETC. THE QUESTION WAS WHAT U DO FOR UR BRANCH? I TOLD MY ALL JOB PROFILE BUT IT WAS NOT A GOOD ANSWER. WHAT TO SAY FOR THE NEXT TIME?

5 Answers   Genpact, HCL,

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How to Calculate Mortgage?

0 Answers   IBM,

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What is the significance of Journal entry

2 Answers  

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sorry this is my personal. But i want to be share because i am confusing stage. This is not related any interview question first in my schooling i studied telugu mideam. After my B.com i joined CA but i didn't pass but i vasted 4yrs. After i did MBA still i am not fluentcy in english i learned 30% english if i will go interviews or not ?

2 Answers  

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What do you mean by pecuniary transaction?

1 Answers   Accounting,

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what is meant by inter trading

2 Answers   Karvy,

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where the closing stock appear in Trial Balance?

17 Answers   Vibgyor High School,

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classify the following into real, nominal, personal account 1. Discount account 2. interest on debenture 3. Land account 4. salary account 5. carriage account 6. printing & stationary account 7. stock account

5 Answers  

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Expand---------MRTD

1 Answers  

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what are the 6 M's of management?

26 Answers   Management, Ram Infotech, State Bank Of India SBI,

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